SpecialSituationAlerts

🤝 Merger — Contango ORE, Inc. $CTGO (8-K) Contango Silver & Gold Inc. (formerly Contango ORE, Inc.) has completed its acquisition of Dolly Varden Silver Corporation via a statutory plan of arrangement. The deal closed on March 26, 2026, with Dolly Varden shareholders receiving 0.1652 of a Contango share for each Dolly Varden share held. Eligible Canadian shareholders could elect to receive economically equivalent exchangeable shares. The combined company is owned approximately 50/50 by former shareholders of each entity. The company has been renamed Contango Silver & Gold Inc. and continues to trade on NYSE American under the ticker CTGO. This filing is the definitive 8-K reporting the completion of the merger. #Merger #MergerArb sec.gov/Archives/edgar…

🤝 Merger — Suncrete, Inc. $RMIX (425) Suncrete, Inc. (Concrete Partners Holding, LLC) and Haymaker Acquisition Corp. 4 (NYSE: HYAC) have announced a material update to their pending business combination. The previously announced PIPE financing has been upsized from $105.5 million to $167.1 million, bringing total committed capital to approximately $215 million. The transaction is expected to close in April 2026, after which the combined company will be named Suncrete, Inc. and trade on Nasdaq under the ticker 'RMIX'. Haymaker has extended the deadline for stockholders to reverse redemption elections to 5:00 p.m. ET on April 1, 2026. This filing confirms significant progress toward closing the de-SPAC merger. #Merger #MergerArb sec.gov/Archives/edgar…

🤝 Merger — Haymaker Acquisition Corp. 4 $HYAC-WT (DEFA14A) Haymaker Acquisition Corp. 4, a SPAC, has filed a definitive proxy supplement (DEFA14A) for its business combination with Suncrete, Inc. The filing announces material updates to secure the deal's closing: new non-redemption agreements for 4.4M shares, an additional $61.6M PIPE investment bringing the total to $167.1M, and an exchange of Suncrete's senior preferred units for new Series A convertible preferred stock. The shareholder meeting to approve the merger has been postponed from March 30, 2026, to April 2, 2026, with the redemption deadline extended to April 1, 2026. The board continues to recommend a 'FOR' vote on all proposals. #Merger #MergerArb sec.gov/Archives/edgar…

🤝 Merger — Evernorth Holdings Inc. (425) Evernorth Holdings Inc. is progressing its previously announced business combination with SPAC Armada Acquisition Corp. II. The company has filed a preliminary proxy statement/prospectus (Form S-4) with the SEC and is actively soliciting shareholder approval. The deal aims to create a publicly traded vehicle providing institutional exposure to XRP, with a planned Nasdaq listing under ticker 'XRPN' targeted for early summer 2026. This filing is an update under Rule 425, referencing a recent corporate communication and urging shareholders to read the definitive proxy materials when available. The transaction is expected to close following shareholder approval and satisfaction of other closing conditions. #Merger #MergerArb sec.gov/Archives/edgar…

📦 Divestiture — BCE INC $BCPPF (6-K) BCE Inc. has entered into a definitive agreement to sell the Land Mobile Radio Networks Services business of its subsidiary Bell Mobility to Motorola Solutions Canada Networks Inc. for a purchase price of CAD $675 million, subject to customary adjustments plus a deferred net working capital settlement. The transaction is expected to close in the fourth quarter of 2026, pending regulatory and third-party approvals and satisfaction of other customary closing conditions. This is a material divestiture of a non-core business unit by Canada's largest communications company. #Divestiture sec.gov/Archives/edgar…

🤝 Merger — Columbus Acquisition Corp/Cayman Islands $COLAR (425) Columbus Acquisition Corp, a SPAC, has a definitive Business Combination Agreement dated November 9, 2025, to merge with WiseSat.Space Corp. The filing reports a material progress update: the company has extended its deadline to complete the deal by one month to April 22, 2026, with the target contributing $25,000 of the required $50,000 extension fee. This confirms the transaction is active and progressing. The deal represents a de-SPAC business combination, creating an investable opportunity in the pending merger of the two entities. #Merger #MergerArb sec.gov/Archives/edgar…

📢 Activist — Innovator ETFs Trust (DEFA14A) Goldman Sachs has agreed to acquire Innovator Capital Management, the investment adviser to the Innovator ETFs Trust. The acquisition requires shareholder approval of a new investment advisory agreement for the ETFs. The special meeting has been adjourned to April 28, 2026, as the required vote has not been met. If approved, the funds' investment strategy, management team, and fees will remain unchanged. Shareholders must vote by April 27, 2026, to ensure uninterrupted management and avoid further delays. This filing is a definitive proxy solicitation for the required vote, a material update on the transaction's progress. #ActivistInvestor #Activism sec.gov/Archives/edgar…

📢 Activist — Innovator ETFs Trust (DEFA14A) Goldman Sachs (GSAM Holdings LLC) is acquiring Innovator Capital Management, the investment adviser to the Innovator ETFs Trust. The acquisition triggers a shareholder vote for two ETFs (Innovator IBD 50 ETF and Innovator IBD Breakout Opportunities ETF) to approve new advisory agreements and a reorganization plan. If shareholders do not approve the plan by the reconvened meeting on April 10, 2026, the target funds will be liquidated. The transaction is expected to close on or about April 1, 2026, with interim advisory agreements in place. This filing is a supplement to the proxy, providing a material update on the vote timeline and liquidation risk. #ActivistInvestor #Activism sec.gov/Archives/edgar…

🤝 Merger — HERITAGE COMMERCE CORP $HTBK (8-K) Heritage Commerce Corp shareholders have approved the company's merger with CVB Financial Corp. The definitive agreement, dated December 17, 2025, provides for Heritage shareholders to receive 0.65 shares of CVBF common stock for each share of HTBK. The shareholder vote was held on March 26, 2026, with the merger proposal passing with over 99% of votes cast in favor. The transaction is now pending regulatory approvals, with an anticipated closing in the second quarter of 2026. This creates a classic merger arbitrage opportunity based on the spread between the current market price and the implied value of the stock consideration. #Merger #MergerArb sec.gov/Archives/edgar…

🤝 Merger — Greenland Energy Co $GLND (8-K) Greenland Energy Company (formerly Pelican Holdco, Inc.) has completed its de-SPAC business combination with Greenland Exploration Limited and March GL Company. The transaction closed on March 25, 2026. March GL shareholders received 20,000,000 shares of Greenland Energy common stock, and Greenland Exploration shareholders received 1,500,000 shares, representing an aggregate merger consideration of $215 million based on a $10.00 per share value. The combined company's common stock began trading on Nasdaq under the symbol 'GLND' on March 26, 2026. The company also assumed 1.5 million warrants exercisable at $15.00 per share. This filing is the completion report for the transaction. #Merger #MergerArb sec.gov/Archives/edgar…

✂️ Spin-Off — First Tracks Biotherapeutics, Inc. $TRAX (10-12B/A) AnaptysBio, Inc. is spinning off its clinical-stage biotech assets into a new public company, First Tracks Biotherapeutics, Inc. The separation is structured as a taxable distribution. AnaptysBio shareholders will receive one share of First Tracks common stock for each share of AnaptysBio common stock held as of the record date, which is yet to be determined. The spin-off is conditioned on the effectiveness of a Form 10 registration statement. Post-distribution, AnaptysBio (RemainCo) will retain a royalty business, while First Tracks (SpinCo) will hold the development pipeline, $100 million in cash, and related assets. The transaction includes a concurrent $100 million private placement in First Tracks led by EcoR1 Capital. #SpinOff sec.gov/Archives/edgar…

📦 Divestiture — Forian Inc. $FORA (8-K) Forian Inc. has received a non-binding proposal from a consortium led by its CEO and Executive Chair to acquire all outstanding shares not currently owned by the consortium. A special committee of the board is evaluating the proposal and is in discussions. The company has not disclosed a proposed price or terms. There is no definitive agreement yet, and the company does not intend to comment further until a deal is reached or disclosure is required. This creates a potential going-private transaction situation for investors. #Divestiture sec.gov/Archives/edgar…

🤝 Merger — Spring Valley Acquisition Corp. III $SVACW (425) Spring Valley Acquisition Corp. III (SVAC), a SPAC, has entered a definitive Business Combination Agreement dated January 21, 2026, to merge with General Fusion Inc., a private fusion energy company. The transaction will result in General Fusion becoming a public company under the name 'General Fusion Group Ltd.' The filing is a Rule 425 communication, indicating the deal is in the proxy solicitation and shareholder approval phase. Key next steps include the SEC declaring the related Form F-4 registration statement effective, mailing a definitive proxy statement to SVAC shareholders, and holding a shareholder vote to approve the merger. The deal is expected to close subject to these approvals and other customary conditions. #Merger #MergerArb sec.gov/Archives/edgar…

🔴 Bankruptcy Entry — Spirit Aviation Holdings, Inc. $FLYYQ (8-K) Spirit Aviation Holdings, Inc. (formerly Spirit Airlines) and its subsidiaries filed voluntary Chapter 11 petitions on August 29, 2025, in the Southern District of New York (Case No. 25-11897). The company is operating as a debtor-in-possession. This 8-K filing, dated March 27, 2026, discloses the submission of Monthly Operating Reports for December 2025 and January 2026 to the bankruptcy court, providing financial updates on the ongoing restructuring. The case is actively proceeding, with the company reporting significant liabilities subject to compromise ($5.98B as of Jan 31, 2026) and operating losses during the reporting periods. #Bankruptcy #Chapter11 sec.gov/Archives/edgar…

🤝 Merger — SILICON LABORATORIES INC. $SLAB (DEFM14A) Silicon Laboratories Inc. has entered into a definitive agreement to be acquired by Texas Instruments Incorporated in an all-cash merger. Shareholders will receive $231.00 per share, representing a 61% premium to the closing price on February 2, 2026. A special meeting of shareholders is scheduled for April 30, 2026, to vote on the transaction. The record date for the meeting is March 23, 2026. The deal is subject to shareholder approval, regulatory clearances (including HSR and foreign antitrust), and other customary closing conditions. The merger is expected to close in the first half of 2027. Texas Instruments will fund the transaction with cash on hand and debt financing. #Merger #MergerArb sec.gov/Archives/edgar…

🤝 Merger — SOTHERLY HOTELS LP $SOHOB (8-K) Sotherly Hotels Inc. has completed a merger with KW Kingfisher LLC, as disclosed in this 8-K filing. The merger closed on February 12, 2026, resulting in the acquisition of all outstanding common stock by the parent. The filing reports the post-closing execution of change-of-control conversion rights for the company's three series of preferred stock, with holders of over 80% of the outstanding shares opting for cash consideration totaling approximately $58.8 million. The company is now voluntarily delisting its preferred stock from Nasdaq, with the last trading day expected on or about April 17, 2026. This represents the final stages of the going-private transaction. #Merger #MergerArb sec.gov/Archives/edgar…

📦 Divestiture — TELEFLEX INC $TFX (8-K) Teleflex Incorporated has announced definitive agreements to sell its Acute Care, Interventional Urology, and OEM businesses as part of a portfolio transformation. The transactions are on track to close in the second half of 2026 and are expected to generate approximately $1.8 billion in net proceeds after tax. The company has committed to using these proceeds for a $1.0 billion share repurchase and $800 million in debt paydown. This filing is a response to activist pressure from Irenic Capital Management, which is pushing for a strategic alternatives process, but the company reaffirmed its commitment to the announced divestiture plan and its value creation strategy. #Divestiture sec.gov/Archives/edgar…

🎯 Tender Offer — Banco Santander, S.A. $BCDRF (425) Banco Santander shareholders approved a share capital increase to facilitate the acquisition of Webster Financial Corporation via a statutory share exchange. Santander will issue up to 334,809,216 new shares (nominal value €0.50 each) in exchange for Webster common stock at a fixed exchange ratio of 2.0548 Santander shares per Webster share. The maximum issue price is capped at €10.79 per share. The transaction, announced on February 3, 2026, is pending closing conditions and regulatory approvals. The capital increase may be executed on one or several occasions within one year of the March 27, 2026 shareholder approval. No pre-emptive rights for existing Santander shareholders apply. #TenderOffer #MergerArb sec.gov/Archives/edgar…

🤝 Merger — Fidelity Private Credit Co LLC (8-K) Fidelity Private Credit Company LLC (the Fund) has entered into a definitive Agreement and Plan of Merger to merge with and into Fidelity Private Credit Company II LLC (Fund II), with Fund II as the surviving entity. The transaction is structured as a tax-free reorganization. Fund unitholders will receive newly issued units of Fund II based on a NAV-for-NAV exchange ratio. The merger does not require member approval. Key conditions include the effectiveness of Fund II's Form 10 registration statement and lender consents. The merger must be completed on or before September 4, 2026, with a target closing date of July 31, 2026. All transaction expenses will be paid by the adviser. #Merger #MergerArb sec.gov/Archives/edgar…

🔴 Bankruptcy Entry — AZUL SA $AZSAY (6-K) Azul S.A. has successfully emerged from its U.S. Chapter 11 restructuring process, completed in February 2026. The restructuring significantly strengthened the balance sheet, reducing net leverage to below 2.5x (based on 2025 EBITDA and February 2026 net debt). Key outcomes include a reduction of approximately R$6.7 billion in loans and financing, a 46% reduction in aircraft lease liabilities, and an estimated 50% reduction in annual interest payments. The company raised $1.375 billion in senior notes and $850 million in equity. The emergence positions Azul for long-term sustainability and growth, with a new share capital of R$21.8 billion. #Bankruptcy #Chapter11 sec.gov/Archives/edgar…